climbing_stars
Short

MA Head and Shoulders/Bullish Shark

BATS:MA   MASTERCARD INCORPORATED
434 2 2
MA and V have been in a monster uptrend since 2010. So shorting isn't exacting for the faint of heart. Especially after today when you see it get solid volume and close above the 10 EMA . But if risk is your thing then I would suggest this. We appear to be in a AB=CD pattern short term. Which if that plays out we will break the neckline on what appears to be a head and shoulders pattern. Intermediate term I see a bullish shark which would carry us lower to the levels projected. I will say that shorting this isn't for the faint of heart, because of the strong uptrend. But when you see strong uptrends break, they really break.
I jumped the gun on this one should have waited for more confirmation. Bullish Bat in effect with RSI BAMM playing out perfect on the 1.27 extension. I would have to say that this is my favorite type of pattern when the X-B has a RSI BAMM. It has a very high probability of playing out.
snapshot
Reply
With the fade off the top today, leads me to believe this was a triple top scenario setting up a Bullish Bat inside of the Bullish shark.
snapshot
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out